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Wind and solar power enjoy a decade of massive growth: World Energy Council

Wind and solar power enjoy a decade of massive growth: World Energy Council Renewable sources of power including hydroelectric and solar represent around 30 percent of the world’s total capacity and 23 percent of total global electricity production, according to a new report from the World Energy Council (WEC). In a news release, WEC said … Continue reading Wind and solar power enjoy a decade of massive growth: World Energy Council

Wind capacity growth clouds ERCOT market outlook

Wind capacity growth clouds ERCOT market outlook With wind turbines accounting for an increasing share of the capacity mix in Texas’ wholesale power market, the certainty around market outcomes is diminishing. “The [Electric Reliability Council of Texas Inc.] market is now more dependent on random weather than ever,” ICF analysts wrote in an upcoming report. … Continue reading Wind capacity growth clouds ERCOT market outlook

‘Wind is more cost-competitive than solar (in ERCOT) but the gap is closing significantly every quarter’

‘Wind is more cost-competitive than solar (in ERCOT) but the gap is closing significantly every quarter’ FIVE MINUTES WITH Mark Noyes, president and chief executive, ConEdison Development ConEdison Development is an unregulated subsidiary of Consolidated Edison, the oldest and one of the largest US investor-owned energy companies. It is a leading owner of PV capacity … Continue reading ‘Wind is more cost-competitive than solar (in ERCOT) but the gap is closing significantly every quarter’

Competition from wind and solar affects TX coal – fired electricity industry

Competition from wind and solar affects TX coal-fired electricity industry The Institute for Energy Economics and Financial Analysis published a research report describing how the coal-fired electricity industry in Texas is in decline and unlikely to recover in the face of rising competition from other energy sources. The report—“The Beginning of the End: Fundamental Changes … Continue reading Competition from wind and solar affects TX coal – fired electricity industry

ERCOT panel OKs automatic wind, solar operating plan updates

ERCOT panel OKs automatic wind, solar operating plan updates Current operating plans in the Electric Reliability Council of Texas would be automatically updated with the next seven day’s forecast for wind and photovoltaic solar generation under a rule change approved by ERCOT’s Technical Advisory Committee Thursday. A qualified scheduling entity — a market participant that … Continue reading ERCOT panel OKs automatic wind, solar operating plan updates